It’s ironic that Mitt Romney’s campaign slogan is “Believe in America,” because he obviously doesn’t.
What does he believe in?
In a word, money. His money. It doesnt matter if its in dollars, francs, pounds, euros, rmb whatever. Mitt believes in possessing it. Lots of it. And he doesnt like giving any of it away for taxes. Thats why hes used an assortment of tax havens and accounting tricks to keep his tax rate below that of most working people.
Of course, Mitt doesnt mind that others have to make up for the taxes he dodges. Based on his tenure with Bain Capital, he doesnt mind that their jobs are shipped overseas, either. Or that their companies are dissolved leaving them without jobs, benefits or pensions.
In fact, hes already said that hell cut other jobs if elected president. He wants to eliminate or combine numerous federal agencies, including the Department of Education and the Department of Housing and Urban Development. He also wants to give his wealthy cronies a big tax cut; nevermind that the money to pay for it will come out of the pockets of the poor and middle class.
According to a new Joint Economic Committee study, the Romney-Ryan Budget Plan will increase taxes on those making $50,000-$100,000 by $1,300 per year. It will cost those making $100,000-$200,000 $2,600 per year. On the other hand, if you make $500,000-$1 million, you will get a check for $35,000. And if you make more than $1 million, you’ll get a check for $285,000!
Moreover, it has been estimated that Romneys proposed policies would create 800,000 jobs overseas. His tax cuts for corporations would reduce corporate tax revenue by more than $1 trillion over the next decade. And, of course, he plans to repeal Romneycare er Obamacare increasing profits for insurance companies and big PhRMA.
Is it any wonder that Forbes magazine calls the Romney-Ryan Budget “A mistake of historic proportions?”